Citi downgrades tech stocks as its flagship indicator signals ‘euphoria’ levels

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 88 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 53%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Citi downgrades tech stocks as its flagship indicator signals ‘euphoria’ levels

As the second quarter approaches, Citigroup equity strategists anticipate a shift in the US equity rally, predicting it will extend to more defensive market segments, especially those influenced by interest rates.“... td price action has run valuations higher, implying a burden on fundamental growth follow through.”

Citi’s analysis suggests a modest overweight in growth sectors, despite downgrading the technology sector to market-weight due to mixed prospects within its subsectors. Specifically, the software segment, which includes giants like Microsoft (NASDAQ:Elsewhere, the consumer discretionary sector is elevated to Overweight, buoyed by upgrades in the auto sector.

The Levkovich Index is Citi's sentiment gauge that follows everything from margin debt to short interest to the put-to-call ratio.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 450. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen